Award

Endorsement Board - Research Project

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

19 May 2020 at 10:18

Award Notice
Tender

14 Apr 2020 at 13:24

Tender Notice
Summary of the contracting process

The Financial Reporting Council Limited (FRC) has awarded a contract for the "Endorsement Board - Research Project," aimed at providing economic expertise as part of the ex ante impact analysis of IFRS 17 Insurance Contracts. This project falls under the category of Research and Development Services, specifically labelled as CPV code 73000000. The contract, valued at £49,500, commenced on 18 May 2020 and will be conducted in London until 30 October 2020. The procurement method was an open procedure, and the tender phase concluded with a deadline for submissions on 11 May 2020.

This tender presents significant opportunities for businesses in the research and consultancy sectors, particularly those specialising in economic analysis related to financial reporting and insurance contracts. Small and medium-sized enterprises (SMEs) and voluntary and community sector organisations (VCSEs) are well-positioned to compete for similar projects, given the emphasis on promoting transparency and providing expert insights for regulatory assessments. Engaging in this contract can enable businesses to expand their portfolios and establish partnerships with governmental bodies.

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Notice Information

Notice Title

Endorsement Board - Research Project

Notice Description

The Financial Reporting Council (FRC) welcomes proposals for a UK Endorsement Board Research project. The objective of the project is to assist the staff of the UK Endorsement Board in their ex ante impact analysis of IFRS 17 Insurance Contracts (IFRS 17) by providing economic expertise in specified areas. This will serve as an input to the assessment of whether the use of IFRS 17 is likely to have an adverse impact on the economy of the UK, including on economic growth. The project is expected to take place between May 2020 and October 2020. +++ This is only a summary. Please refer to the PDF attachment for the full Invitation to Tender and instructions on how to submit a bid +++ Additional information: THIS TENDER IS CLOSED. THIS IS THE AWARD NOTICE.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-fc23b675-4b18-4929-af51-e27789615240
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3fff126c-bcc7-4ff9-afcc-e6f675d0f8cc
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

CPV Codes

73000000 - Research and development services and related consultancy services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£49,500 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
19 May 20205 years ago
Submission Deadline
11 May 2020Expired
Future Notice Date
Not specified
Award Date
17 May 20205 years ago
Contract Period
17 May 2020 - 30 Oct 2020 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
THE FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2Y 5AS
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

EUROPE ECONOMIC RESEARCH

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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